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Does a Balance Transfer meet Sign up Spending Requirements??

Contributor

Does a Balance Transfer meet Sign up Spending Requirements??

Hi all,

 

Looking to transfer some balances of around $3,000 and wondering..if I sign up for a new card to do this that has a X points sign up bonus if I spend X amount in 3 months, will my BT count towards that spending requirement?

 

Also, anyone know of any NO FEE 0% balance transfers aside from Chase Slate?




Starting Score: 583 (CreditKarma, 2009)
Current Score: 783 (Walmart Free FICO, March 20, 2012), 774 (Equifax, BoA Pull, 2/20/13)
Goal Score: 800+


Take the FICO Fitness Challenge
Message 1 of 7
6 REPLIES
Valued Contributor

Re: Does a Balance Transfer meet Sign up Spending Requirements??

It does not count towards new purchase spending requirements. 

 

NFCU had a 0% BT offer, but I believe it ended or is ending this week. 


In My Wallet: Amex BCP (12/12) $50,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Prestige (4/16) $30,000

Last App: June 27, 2015
Message 2 of 7
Contributor

Re: Does a Balance Transfer meet Sign up Spending Requirements??

Ok, thanks.

 

I am thinking PenFed but I'm not a PenFed member...do I have to have a bank account there to get a credit card?




Starting Score: 583 (CreditKarma, 2009)
Current Score: 783 (Walmart Free FICO, March 20, 2012), 774 (Equifax, BoA Pull, 2/20/13)
Goal Score: 800+


Take the FICO Fitness Challenge
Message 3 of 7
Valued Contributor

Re: Does a Balance Transfer meet Sign up Spending Requirements??

I wish I knew - but I'm not much of an expert with the military or other large credit unions - I don't qualify for membership in really anything, except probably DCU.

In My Wallet: Amex BCP (12/12) $50,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Prestige (4/16) $30,000

Last App: June 27, 2015
Message 4 of 7
Valued Contributor

Re: Does a Balance Transfer meet Sign up Spending Requirements??

So - with that said - bump!

In My Wallet: Amex BCP (12/12) $50,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Prestige (4/16) $30,000

Last App: June 27, 2015
Message 5 of 7
Frequent Contributor

Re: Does a Balance Transfer meet Sign up Spending Requirements??

You must join PENFED to be eligible for their products

 

 

https://netmember4.penfed.org/NetMember/Forms/OpenAccounts/Eligibility.aspx

Message 6 of 7
Valued Contributor

Re: Does a Balance Transfer meet Sign up Spending Requirements??

You can join penfed by making a small donation.
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